A real life Armageddon style mission launches in 2 days. A trip to a giant metal Asteroid Psyche16. A testament to the positive that Humans can accomplish, in contrast to the horrors!
If you have never seen the Bruce Willis movie Amageddon, run and go see it on streaming.
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Show Notes
Summary of the day
Wait and see day after PPI and FOMC minutes from Sep meeting
Everyone wants to see the CPI
We are approaching the 50 day ma. Let’s see what happens next?
Breadth
101 new highs
248 new lows
53% advancing 41% declining
75% below 50 day ma
66% below 200 day ma
Stuck out
still more new lows than new highs. 2.5x times
Strong
SPT 3.34%
ADBE 3.23%
KGC 2.70%
PHM 2.25%
NVDA 2.20%
AFRM 2.18%
Weak
CART -7.36%
VIX -5.52%
HOV -4.23%
TBT -4.02%
ZM -3.66%
KYVO -3.34%
CVNA -3%
COIN - 2.85%
What to watch
CPI and reaction Thu 8:30am
Friday 4 big financials report earnings premarket. JP Morgan, Wells Fargo, Citi and Blackrock
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar
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